A real report on the Latvian real estate market, based on VZD-registered deals.
Older buildings and newer developments don't just cost differently — they also make up very different shares of the total deal count. This chart shows what percentage of all this period's apartment deals happened in each era.
| Building era | % of deals | Deals | Average price | Avg. €/m² |
|---|---|---|---|---|
| Vecbūve (līdz 1945) | 15.8% | 294 | 50441 € | 1197 €/m² |
| Padomju sērijveida (1946–1993) | 64.7% | 1203 | 29420 € | 647 €/m² |
| Jaunā celtne (1994–2014) | 8.3% | 154 | 88578 € | 1669 €/m² |
| Jaunākie projekti (2015+) | 11.2% | 208 | 87174 € | 2480 €/m² |
How it's calculated: the building era is determined by the year VZD registered the building as put into service (not the \"building series\" mentioned in listings — that's available for real transaction data too rarely to base reliable statistics on). Eras: Pre-war — {% trans "līdz 1945. gadam" %}; Soviet-era prefab — 1946–1993 ({% trans "galvenokārt tipveida paneļu un ķieģeļu mājas" %}); New building — 1994–2014; Newest developments — 2015 and later. Percentages are calculated from deals where the building year is known; eras with fewer than 5 deals in the period aren't shown separately.
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Vecmīlgrāvis | 827 €/m² | ▲ 68.8% |
| Mežaparks | 2518 €/m² | ▲ 51.0% |
| Mežciems | 1461 €/m² | ▲ 31.4% |
| Teika | 1428 €/m² | ▲ 30.6% |
| Ziepniekkalns | 1773 €/m² | ▲ 27.6% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Torņakalns | 737 €/m² | ▼ -34.9% |
| Daugavgrīva | 466 €/m² | ▼ -24.8% |
| Čiekurkalns | 1108 €/m² | ▼ -21.1% |
| Āgenskalns | 1707 €/m² | ▼ -19.6% |
| Bolderāja | 485 €/m² | ▼ -10.6% |
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Data from the State Land Service's (VZD, data.gov.lv) open data. Calculations are done automatically, without AI-generated analysis.